Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase
Bitmine, led by Tom Lee, increased its ETH holdings to 4.47 million tokens after a recent $98 million purchase.Summary
Tom Lee's ether treasury firm, Bitmine Immersion Technologies (BMNR), announced it purchased nearly 51,000 more ETH tokens last week, bringing its total holdings to 4.474 million ETH. Chairman Tom Lee stated that despite a "mini crypto winter," the firm is focused on executing its treasury strategy by acquiring ETH and optimizing yield. The company currently has 3,040,483 ETH staked, valued around $6 billion, generating an annualized staking revenue of $172 million, potentially reaching $253 million annually at full scale. Bitmine's total assets include the ETH, 195 bitcoin, $868 million in cash, and stakes in Beast Industries and Eightco Holdings. Furthermore, the firm is developing its Made in America Validator Network (MAVAN), a staking platform expected to launch in early 2026.
(Source：CoinDesk)